There Are A Few New Tax Code Improvements in Stimulus Bill

The nation’s historical economic stimulus bill has included a few last-minute changes to the country’s tax code. The current distraction has said the purpose of these tax cuts is to provide economic stimulation to the country. How do these tax cuts really work though?

What Benefits Will The Variations Bring To Americans

The perks to these tax changes are not going to be distributed equally throughout society. Like many of the tax cuts that have been designed in the past, it is regressive in nature placing a disproportionate burden on our society’s lowest earners.

Which People Benefit the Most From the Bill?

The wealthiest people or people earning over 1 million dollars a year will receive 80% of the benefit from these tax improvements.

What About High Income Earners Over 200K?

When you add in anyone who makes over 200k yearly in income then the total tax benefit for this group is 95% of the new changes.

What About Everyone Else?

If you look at the rest of the population and add up the total benefit they receive from the new tax changes they only receive 5 percent of the total benefit.

Is there Any Help For American Business?

So far the current administration’s policies have led to an surge in the wealth gap in American society. We can expect that these updates will further grow the divide that exists between citizens’ classes in our country currently. The tax changes will also likely supply a boost to large businesses that could be reflected by exaggerated stock prices.

More information is at The Guardian

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